PH to save trillions of pesos with energy efficiency measures
Senator Sherwin Gatchalian has reiterated his call to establish a comprehensive Energy Efficiency and Conservation policy framework to secure viable and affordable power nationwide.
He said adapting such policy could translate to electricity cost savings amounting to at least P1.6 trillion to P5.5 trillion from 2018 to 2030 because of reduced energy demand and consumption prompted by the efficient use of energy.
?Energy efficiency and conservation strategies will not only achieve much needed savings for the government, but it can also significantly bring down the prices of electricity and give consumers extra money in their pockets to spend for other basic necessities,? said Gatchalian, who chairs the Senate committee on energy.
Savings can go as high as P5.5 trillion, or P420 billion yearly, if the Philippines fully meets the German efficiency standard.